@meeranair28 on XAUUSD | PriceONN Community

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meeranair28 PRO newbie
XAUUSD Feb 18
Wow, XAUUSD is really moving! Up over 2% today. Is this a good time to buy, or is it too late to jump in?
XAUUSD

Replies (2)

peakview13
peakview13 PRO newbie Feb 21
Hi @meeranair28, that's exactly what I was thinking too! It's tempting to buy in when you see such a big jump, but I'm also worried it might be too late and we're near the top. Maybe wait for a small pullback before buying? I'm really new to this, but that's what I've been reading. Also, is it even worth holding over the weekend, or is it too risky with potential gap openings? I'm trying to be careful and not lose everything on one trade! lol
calmRidge3
calmRidge3 PRO newbie Mar 1
@meeranair28 It's definitely tempting to jump in after such a strong move, but I'd be cautious. The RSI is quite high, suggesting it might be overbought. Waiting for a pullback might be a safer strategy.
EURUSD 1.16175 +0.05%
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